Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Aug 24 2020: Cancer Genetics and StemoniX Sign Definitive Agreement to Merge
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Fade
-Other notes: Riggers held up price all day for good close
Strategy / Confluence / Sizing Guide / Risk
Strategy: Trend Rotation
Confluence: 1min-JL
Strike Zone: 7.6 - 7.4
Sizing (lots + emergency): 250
Risk (stop / Rs): Hold below 7.4 / 7.32
Review / Lessons Learned
Riggers held up the low all day then high volume came in along with a HH and HL, so trend rotation was in play, thought they would squeeze til HOD after soaking all stop orders from the longs and getting shorts to jump in at lows. Was still too many bagged longs from morning so it only squeezed so far... Still OGT
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-08-24 13:49:19 | CGIX | buy | $7.550 | long |
| 2020-08-24 13:49:19 | CGIX | buy | $7.550 | long |
| 2020-08-24 13:49:19 | CGIX | buy | $7.560 | long |
| 2020-08-24 13:52:04 | CGIX | sell | $7.560 | 0 |
| 2020-08-24 14:00:26 | CGIX | buy | $7.630 | long |
| 2020-08-24 14:00:26 | CGIX | buy | $7.630 | long |
| 2020-08-24 14:00:26 | CGIX | buy | $7.630 | long |
| 2020-08-24 14:01:54 | CGIX | sell | $7.940 | long |
| 2020-08-24 14:02:10 | CGIX | sell | $8.030 | long |
| 2020-08-24 14:02:45 | CGIX | sell | $8.040 | long |
| 2020-08-24 14:02:45 | CGIX | sell | $8.040 | long |
| 2020-08-24 14:03:01 | CGIX | sell | $7.890 | long |
| 2020-08-24 14:03:38 | CGIX | sell | $7.820 | 0 |
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